Crescent Financial Partners has purchased a minority stake in IT Trading’s proprietary quantitative trading software for USD3.2m. The software, which has been under development for nearly a decade, employs a statistical arbitrage trading model. “In the finance world, arbitrage is
Eurex saw turnover increase by around 19 percent to 90 million contracts against the same period last year (August 2004: 75.7 million contracts). At 821 million con
RS Platou Markets, the investment banking arm of RS Platou Group, has selected Fidessa group’s Software as a Service sell-side trading platform. The Oslo-based brokerage firm will be using Fidessa to underpin its global trading operations including connectivity to a
New Jersey-based Nationwide Planning Associates (NPA) has created an alternative investment platform aimed at high net worth and institutional investors. NPA’s regi
The Managed Funds Association has announced that it is joining the 17 major derivatives dealers as a signatory to a letter to global regulators committing them to improving operational eff
GFI Group Inc is to acquire Starsupply Petroleum LLC, a leading broker of oil products and related derivative and option contracts. GFI Group is a leading inter-dea
Trading volume at the international derivatives exchange Eurex reached 179.5 million contracts in July, a rise of 11 per cent from 162.4 million in July 2007, and the average daily trading
Deutsche Börse Group and RegTek.Solutions have partnered to deliver a certified testing and pre-validation service for clients of Deutsche Börse’s Regulatory Reporting Hub. Available from the fourth quarter of this year, the new service addresses feedback from clients and regulators
Eurex is preparing to launch volatility futures allowing users to hedge against volatility fluctuations on the German, Swiss, and European equity markets. The launc
CryptoCompare, a cryptocurrency market data provider, has launched a mobile application which gives traders and investors the ability to monitor live bitcoin and altcoin pricing data, track cryptocurrency investments through multiple portfolios and get the latest news in the crypto
